The market is down horrendously, this is all due to Mt Gox moving 47,228 BTC ($2.71 billion) from cold storage to a new wallet. The exchange's trustee said it has made repayments in Bitcoin and Bitcoin Cash to some of the rehabilitation creditors 💸
Due to high volatility, $685.53 million in leveraged futures positions were liquidated from the market in the last 24 hours, $590.61 million of which were long positions 🩸 $BTC #US_Job_Market_Slowdown $ETH #downtrendBTC
$BTC $ETH $BNB Ever wondered what #Bitcoin did on the halving day? In 2012, BTC moved sideways on the halving day and then pumped from $12 to $1166 after the halving. That's a 9500% increase in just 380 days. In 2016, BTC also moved sideways on the halving day and then dropped by -29% a few days after the halving, followed by a quick recovery. The price surged from $470 to $19600, marking a 4100% increase in just 500 days. In 2020, BTC took a minor -17% dip just a few days before the halving, followed by a few months of sideways price action. Price pumped from $8700 to $69,000 in just 547 days. In 2024, BTC is only 2 weeks away from the halving. This is the first time the price has hit a new ATH before the halving and is currently consolidating near the ATH with one of the highest monthly close ever. Whether we see sideways price action or a slight correction, one thing is certain - Bitcoin will likely trade much higher in the coming few months than its current level. Dips are for buying , Don't get shaken out 🤝#BinanceLaunchpool #Bitcoin #HalvingWithBinance
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